Analyze Gold and Forex at the beginning of June 18 - Some models and price areas to note
ANALYSIS # GOLD CHART 1 HOUR
Advance Contract: Buy # gold. The results hit the bottom. This is the truss bought gold hit our bottom 3 consecutive.
Current trend: # Gold is flat, tilting up
Odds today: Buy # gold
Note: # Gold is still moving sideways in a range of prices - range. On the bottom, the combination of uptrend line + PPZ area helps create a bullish buffer. We continue our # gold buying strategy today.
ANALYSIS #USDJPY CHART 1 HOUR
Advance markets: Sell #USDJPY. Peak hit results
Current trend: #USDJPY is down
Odds today: Sell #USDJPY
Note: #USDJPY has had a fairly strong bearish wave, and more importantly, has broken down from the lower boundary of the current price range. At this point, #USDJPY is approaching the very strong support, which is the previous old bottom. There may be a rebound because yesterday's swing pushed #USDJPY too fast. We shall wait for the rebound to help #USDJPY retest the old PPZ regions and find a selling point
#AUDUSD ANALYSIS 1 HOUR CHART
Advance markets: Sell #AUDUSD. Breaking result because #AUDUSD closed the US session in the sell zone
Current trend: #AUDUSD is flat, sloping down
Odds today: Sell #AUDUSD
Note: The price movement of #AUDUSD #Aussie is nothing special. #Aussie is still within the range of prices below resistance and the downtrend line. The current chart structure shows us that selling is still better.
#NZDUSD ANALYSIS 1 HOUR CHART
Advance markets: Sell #NZDUSD. The result could not be entered
Current trend: #NZDUSD is flat, sloping down
Odds today: Sell #NZDUSD
Note: #NZDUSD is still moving in a range of prices without any breakout. The weakness shown by the recent long shadow Doji. #Kiwi #NZDUSD sale, guys
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